The London Stock Exchange today welcomed Gulf International Bank – Saudi Arabia (GIB Saudi Arabia) following the successful issuance of USD 500 million in international Additional Tier 1 bonds.
The bonds, issued under GIB Saudi Arabia’s USD 1.5 billion Additional Tier 1 Capital Note Programme listed on the London Stock Exchange, represent the Bank’s first international bond issuance. GIB Saudi Arabia is 98.6% directly and indirectly owned by the Public Investment Fund (PIF) of Saudi Arabia.
This transaction marks a key milestone in GIB Saudi Arabia’s strategy to strengthen its capital base, diversify funding sources, and deepen engagement with global investors. The offering attracted strong participation from investors across multiple regions, reflecting confidence in the Bank’s performance, governance standards, and the Kingdom of Saudi Arabia’s economic outlook.
To commemorate this landmark achievement, Khaled Abbas, Chief Executive Officer of GIB Saudi Arabia, opened the London market, joined by members of the Bank’s management team and representatives from the London Stock Exchange - a proud milestone for GIB Saudi Arabia. The official Market Open Ceremony took place at the London Stock Exchange on 6 November 2025.